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Flying Dutchman

  • #2,881
  • Sep 1, 2022 4:55am Sep 1, 2022 4:55am
Quoting FulMargnAlch
It appears that OLs are relevant, irrespective of time, when price is within their range.
FMA, I am telling the basics about OLs on forum. Just scratching the surface. Think deep and read my posts carefully.
Quoting FulMargnAlch
I need more data to crunch but Sir BW seems to have said a lot already. Maybe I need more time.
Know what you trade
  • #2,882
  • Sep 1, 2022 5:04am Sep 1, 2022 5:04am
Quoting BWilliam
{quote} FMA, I am telling the basics about OLs on forum. Just scratching the surface. Think deep and read my posts carefully.
DOL relevant for intraday. Strike at M15/H1.WOL and MOL relevant for investing. Strike at H4/D1.
The market hides a perfect geometry.
  • #2,883
  • Sep 1, 2022 5:06am Sep 1, 2022 5:06am
Quoting FulMargnAlch
{quote} It appears that OLs are relevant, irrespective of time, when price is within their range.
FMA, see chart attached.
1.Price stops at Daily S2 pivot.
Then 2. Price takes out the daily open. Now it's sitting doing nothing, waiting for news.
Previous day did similar, went up then retraced and stayed for a while at one level.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.09.22.AUDUSD.aM15.png Size: 44 KB
  • #2,884
  • Sep 1, 2022 5:14am Sep 1, 2022 5:14am
Quoting FocusWinReal
{quote} FMA, see chart attached. 1.Price stops at Daily S2 pivot. Then 2. Price takes out the daily open. Now it's sitting doing nothing, waiting for news. Previous day did similar, went up then retraced and stayed for a while at one level. {image}
Nice trade opportunity.
The market hides a perfect geometry.
  • #2,885
  • Sep 1, 2022 5:16am Sep 1, 2022 5:16am
Quoting FocusWinReal
{quote} FMA, see chart attached. 1.Price stops at Daily S2 pivot. Then 2. Price takes out the daily open. Now it's sitting doing nothing, waiting for news. Previous day did similar, went up then retraced and stayed for a while at one level. {image}
Looks like price will stall today and wait for NFP tomorrow.
The market hides a perfect geometry.
  • #2,886
  • Sep 1, 2022 5:21am Sep 1, 2022 5:21am
Quoting FulMargnAlch
{quote} Looks like price will stall today and wait for NFP tomorrow.
There's red news at 10am NY today.
  • #2,887
  • Sep 1, 2022 5:23am Sep 1, 2022 5:23am
Quoting FocusWinReal
{quote} There's red news at 10am NY today.
I see and it looks a major one.
The market hides a perfect geometry.
  • #2,888
  • Sep 1, 2022 5:25am Sep 1, 2022 5:25am
Well I never. Whilst looking at Gold via another approach, and since trying to soak up as much information as possible here, I noticed this repeating pattern ( indicated by "?") In one of ICT's videos and some of those of a chap called Stacey Burke, I am sure that may have referred to this "pattern"? Perhaps someone here has come across it?
Perhaps you then drill down to Lower Time frames seeking an entry?
Anyone?
Many thanks for reading.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-01_11-17-10_ae308.png Size: 140 KB
every Saint has a past. Every Sinner has a Future
  • #2,889
  • Sep 1, 2022 5:30am Sep 1, 2022 5:30am
Quoting bluesteele
{quote} Nice summation... I as well trade predominantly Stacey Burke methodology... And to add to your post... Price as in numbers and levels.00s 25a 50s 75s 00s (100 pip boxes) and finally most importantly for me timing... Equity opens , stop hunt hours 717 ..915 4 hr and down rotations. And levels of 3 .. whether in days, hours sessions, 15 m candles, waves etc Nice charts Spzd!!! . ....and not to ruffle any feathers I could care less where the market is going. It does not matter. My setups present themselves and I take them as they come. I don't...
I am ploughing through a pile of reading re-Mr Stacey but your post certainly helps with my focus.
Thank you.
every Saint has a past. Every Sinner has a Future
  • #2,890
  • Sep 1, 2022 5:47am Sep 1, 2022 5:47am
Quoting FulMargnAlch
{image}
My stops were hit. Perhaps I should have taken the cue that price was stalling at the PWOL and took profit early.ORMarket intent was sell when it dropped and took NY lows and was stalled at PDOL. And also considering that price is at sell hemisphere.
The market hides a perfect geometry.
  • #2,891
  • Sep 1, 2022 5:56am Sep 1, 2022 5:56am
Another interesting ( for me as a new chap here). Found a pattern like "cats ears" at a level one assumes matters but I would not know where to enter albeit I knew price was struggling at that level.
A look at the 15 minute chart shows a possible reason why - solid level around 1.6060 that price bounces off several times thus forming resistance on the 5 minute chart ( cats ears) ?
Price goes down to previous 15700 ( Looking Left) level ?
Opinions welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-09-01_11-45-22_44fcf.png Size: 129 KB
Click to Enlarge Name: GBPUSD_2022-09-01_11-49-21_6034d.png Size: 130 KB
every Saint has a past. Every Sinner has a Future
  • #2,892
  • Sep 1, 2022 5:57am Sep 1, 2022 5:57am
Looks like value intent intends to bring price away from parity level in E$.
The market hides a perfect geometry.
  • #2,893
  • Sep 1, 2022 7:30am Sep 1, 2022 7:30am
Perhaps I read it wrong, market intent was to bring price to parity level, the london swing did not even reached DOL nor closed significantly above PWOL. But maybe the news can bring something new.
The market hides a perfect geometry.
  • #2,894
  • Sep 1, 2022 7:36am Sep 1, 2022 7:36am
Just lost $50. Perhaps I was wrong or just plain stupid, E$ intended to sell today.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 1 KB
The market hides a perfect geometry.
  • #2,895
  • Sep 1, 2022 7:42am Sep 1, 2022 7:42am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB
The market hides a perfect geometry.
  • #2,896
  • Sep 1, 2022 8:40am Sep 1, 2022 8:40am
Thinking the ALGO is just one big stop hunt machine.
Mark ... Everything you have been told is a LIE
  • #2,897
  • Sep 1, 2022 8:52am Sep 1, 2022 8:52am
Quoting spzd
Thinking the ALGO is just one big stop hunt machine.
It sets up the "illusion" of trade entries, then turns around and shuts the door on those as soon as it can. Then will not revisit that area until most are shaken out of their trades. You could find numerous examples of this by perusing the FF trades section.
Mark ... Everything you have been told is a LIE
  • #2,898
  • Sep 1, 2022 9:06am Sep 1, 2022 9:06am
Interesting thing going into data releases. Before the news, price will move opposite from the initial direction. An example is this US ISM PMI. Price moved slowly down before the news then shot up at the news - right at the news, so I am fairly certain the ALGO knows in advance. Then comes back into the current "trend" of the day.
Mark ... Everything you have been told is a LIE
  • #2,899
  • Sep 1, 2022 9:09am Sep 1, 2022 9:09am
E$ dived like my account today.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
The market hides a perfect geometry.
  • #2,900
  • Sep 1, 2022 9:12am Sep 1, 2022 9:12am
Quoting spzd
Interesting thing going into data releases. Before the news, price will move opposite from the initial direction. An example is this US ISM PMI. Price moved slowly down before the news then shot up at the news - right at the news, so I am fairly certain the ALGO knows in advance. Then comes back into the current "trend" of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: 09.01.2022-EURJPY.FXM15.png Size: 28 KB
Mark ... Everything you have been told is a LIE
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